no one can time crashes, NO ONE. Tax effect of selling and rebuying also doesn’t stack up that risk too. Ie selling entire portfolio. Albeit you can use options/short and merely hedge via that right now if you believe that.
However as the poster said above being out of the market will likely cost you. Long term you win. Would I buy bank shares which is a large part of the ASX at 15-21 PE/2-3 PB ratios? God no, if a correction happens it’ll be there mainly. But BHP isn’t expensive.
BHP Price at posting:
$42.99 Sentiment: Buy Disclosure: Held
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